News Renewable Energy

Renewable Energy Update – December 2022 | Allen Matkins



Bullet The Hill – November 18

The Biden administration on November 18 announced $13 billion in funds to modernize the U.S. power grid using allocations from the bipartisan infrastructure law. The funds will include $10.5 billion in competitive grants and another $2.5 billion through the Transmission Facilitation Program; they represent the biggest federal investment in transmission and distribution in U.S. history, White House senior adviser and infrastructure coordinator Mitch Landrieu said.

Bullet Solar Industry Magazine – November 29

Corporations are installing record-levels of solar to power their operations and now account for 14% of all installed solar capacity in the United States, according to a new Solar Energy Industries Association report. Through June 2022, U.S. businesses have installed nearly 19 GW of on-site and off-site solar capacity, which is double the 9.4 GW installed through 2019. This recent growth is due to the rapid expansion of off-site corporate solar procurement, which now represents 55% of all commercial solar use.

Bullet S&P Global – November 22

A pair of federal hydrogen initiatives are giving natural gas utility executives renewed confidence in their ability to deploy the low-carbon fuel in distribution systems. Hydrogen commentary was fairly muted throughout previous earnings reporting periods, but the chatter picked up during the most recent round of quarterly earnings calls, which wrapped on November 18. The catalysts were clear. In August, U.S. lawmakers included a low-carbon hydrogen production tax credit in the Inflation Reduction Act. Additionally, the U.S. Energy Department advanced a plan to invest $8 billion to develop several regional hydrogen hubs.


Source link